Summary of Multi Time Frame MACD Bars indicator for MetaTrader 4/5 📥Download - Free-TradingFinder

The video presents the Multi Time Frame MACD Bars indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website. This indicator is an enhanced and detailed version of the classic MACD, displayed as a histogram at the bottom of the chart. It provides traders with multi-time frame MACD information, allowing them to analyze different time frames simultaneously.

Key Features and Functionality:

• Installation & Activation: The indicator file is loaded via the Navigator section in MetaTrader. Users must activate the "Allow DLL imports" option in the settings before applying it to the chart.
• Histogram Color Coding:
  • Light green bars: MACD above its signal line.
  • Dark green bars: MACD above zero line.
  • Orange bars: MACD below zero line.
  • Red bars: MACD below its signal line.
• Multi-Time Frame Analysis: By default, the histogram shows the MACD for the current chart’s time frame, but users can select any other time frame (e.g., 15-minute) from the input settings to view MACD data from that timeframe on any chart.
• Customizable Settings: Users can adjust:
  • Time frame for MACD calculation.
  • Fast moving average period.
  • Slow moving average period.
  • Signal line period.
  • Number of candles to display in the histogram (default 500).
• Practical Use: The video demonstrates how the indicator confirms bullish and bearish trends based on MACD crossing signal lines and zero levels, aiding traders in making informed decisions.

Additional Information:

• The tutorial encourages users to share comments and suggestions.
• The video includes a comparison with the classic MACD to help viewers understand the enhanced indicator’s advantages.

Main Speaker/Source:

• The tutorial is presented by the team or representative from Free-TradingFinder, the website hosting the indicator.

Notable Quotes

— 01:17 — « Let's have an active discussion to better understand. »

— 01:31 — « When the MACD is above its signal line the histogram bars are displayed in light green, and when the MACD is above the zero line the histogram bars appear in dark green. »

— 02:10 — « The MACD is above the Q level and above its signal line, which is a confirmation for a new round. »

— 02:59 — « If you choose different time frames, for example, I will select the 15-minute time frame here; in any time frame you choose, the MACD will only show you the 15-minute time frame allowing traders to perform their analysis in a multi-time frame manner. »

— 03:43 — « In the last section you can also choose the number of candles to display the histogram, which is set to 500 candles by default. »

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Technology

Video